Your housing payment will be considered as we evaluate how affordable the loan would be for you.
We understand that an applicant who shares a joint mortgage may not be paying the full mortgage payment that appears on their credit report. If a mortgage appears as a joint account on your credit report, we factor that into our underwriting model.
If your housing payment is $0, we assume it could change over the course of a 3 to 20-year loan term and account for that in our underwriting model.